Form 4: LyondellBasell EVP Reports Share Transactions

LyondellBasell's EVP of Sustainability & Corporate Affairs, Tracey D. Campbell, reported recent transactions involving Class A Ordinary Shares, including the vesting of performance-based units and related tax withholdings.

Summary

• Tracey D. Campbell, EVP, Sustainability & Corporate Affairs for LyondellBasell Industries N.V., reported transactions on February 18, 2026, involving Class A Ordinary Shares.
• Acquired 577 Class A Ordinary Shares from performance-based stock units granted on February 23, 2023, which fully vested on February 18, 2026, following the attainment of performance objectives and continued employment.
• Acquired an additional 209 Class A Ordinary Shares from the settlement of dividend equivalents that accrued on the performance-based stock units prior to vesting.
• Disposed of 62 Class A Ordinary Shares to satisfy tax withholding obligations for dividend equivalents accrued on performance-based stock units.
• Disposed of 172 Class A Ordinary Shares to satisfy tax withholding obligations in connection with the vesting of performance-based stock units.
• All reported transactions occurred at a price of $55.97 per share.
• Following these transactions, direct beneficial ownership stands at 13,666.36 Class A Ordinary Shares, with an additional 5,501.09 shares indirectly owned by spouse.
• The direct beneficial ownership includes 6,427 restricted stock units (RSUs) with various vesting schedules: 1,155 RSUs vesting on February 23, 2026; 735 RSUs vesting on February 22, 2026; 735 RSUs vesting on February 22, 2027; 1,023 RSUs vesting on February 27, 2026; 1,022 RSUs vesting on February 27, 2027; and 1,022 RSUs vesting on February 27, 2028.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a slightly positive event. While the transactions are routine, the vesting of performance-based units implies the company met its performance targets, which is a positive signal for investors.

Positives

• The vesting of 577 performance-based stock units indicates that the company met certain performance objectives, leading to the executive earning these shares.
• The acquisition of 209 shares from dividend equivalents further adds to the executive's equity holdings, reflecting prior grants.

Future Outlook

The filing details future vesting schedules for 6,427 restricted stock units held by the reporting person, with vesting dates extending through February 27, 2028. This indicates a continued long-term incentive alignment between the executive and the company's performance.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as those related to equity compensation vesting and tax withholdings, are common across all industries for publicly traded companies. These transactions reflect standard executive compensation practices and do not typically signal broader industry trends or competitive shifts.

Stakeholder Impact

• Shareholders: The vesting of performance-based units suggests the company achieved certain objectives, which is generally positive for shareholder value. The transactions themselves are routine and do not significantly alter the company's capital structure or operational outlook.
• Employees: The executive's compensation structure, including equity awards, aligns management incentives with company performance.

Next Steps

• Continued vesting of 1,155 restricted stock units on February 23, 2026.
• Continued vesting of 735 restricted stock units on February 22, 2026.
• Continued vesting of 1,023 restricted stock units on February 27, 2026.
• Continued vesting of 735 restricted stock units on February 22, 2027.
• Continued vesting of 1,022 restricted stock units on February 27, 2027.
• Continued vesting of 1,022 restricted stock units on February 27, 2028.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions related to executive compensation, specifically the vesting of performance-based stock units and associated tax withholdings. While the vesting indicates the company met performance targets, which is a positive, these transactions do not provide new material information about the company's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as the filing confirms standard compensation practices without presenting new catalysts for significant price movement.

Keywords

LyondellBasell Industries N.V., LYB, Form 4, Insider Trading, Beneficial Ownership, Performance-Based Stock Units, Restricted Stock Units, Equity Compensation, Executive Compensation, Share Transactions